Brokerages Set Kosmos Energy Ltd. (NYSE:KOS) Target Price at $5.52

Shares of Kosmos Energy Ltd. (NYSE:KOS) have earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $5.52.

Several brokerages recently weighed in on KOS. Mizuho dropped their target price on Kosmos Energy from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Jefferies Financial Group reissued a “buy” rating and set a $5.60 price objective on shares of Kosmos Energy in a research note on Wednesday, December 18th. StockNews.com raised shares of Kosmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Sanford C. Bernstein dropped their price target on shares of Kosmos Energy from $5.00 to $4.00 and set a “market perform” rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark decreased their price objective on shares of Kosmos Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Kosmos Energy Price Performance

Shares of Kosmos Energy stock opened at $3.67 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.39 and a beta of 2.43. The company has a current ratio of 0.75, a quick ratio of 0.47 and a debt-to-equity ratio of 2.25. Kosmos Energy has a 12 month low of $2.62 and a 12 month high of $6.58. The business’s 50-day moving average price is $3.61 and its 200-day moving average price is $4.32.

Institutional Investors Weigh In On Kosmos Energy

Several institutional investors have recently modified their holdings of KOS. Hsbc Holdings PLC increased its stake in Kosmos Energy by 3.0% in the 2nd quarter. Hsbc Holdings PLC now owns 71,555 shares of the oil and gas producer’s stock worth $399,000 after buying an additional 2,055 shares during the period. Fruth Investment Management grew its stake in Kosmos Energy by 10.2% in the 3rd quarter. Fruth Investment Management now owns 27,000 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 2,500 shares in the last quarter. nVerses Capital LLC increased its position in shares of Kosmos Energy by 13.6% during the third quarter. nVerses Capital LLC now owns 31,000 shares of the oil and gas producer’s stock worth $125,000 after acquiring an additional 3,700 shares during the period. Renaissance Technologies LLC increased its position in shares of Kosmos Energy by 0.3% during the second quarter. Renaissance Technologies LLC now owns 1,462,835 shares of the oil and gas producer’s stock worth $8,104,000 after acquiring an additional 4,395 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Kosmos Energy by 3.9% during the third quarter. Franklin Resources Inc. now owns 124,408 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 4,640 shares in the last quarter. 95.33% of the stock is owned by hedge funds and other institutional investors.

About Kosmos Energy

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.